A review by wcang
Naked Money: A Revealing Look at Our Financial System by Charles Wheelan

5.0

A good book to explain the role of central banking and monetary system to layman. Though, it can be a bit daunting at times to get my head wrap around the concept of raising/cutting interest rate to reduce inflation/deflation, bond and money circulation. Before reading this book, I didn't know there is such a thing called deflation in real world. I certainly that is a good idea because prices keep falling with inflation. I didn't know that deflation is actually bad especially if you have heavy loans.

What I like about this book:
- Great sense of humour
- Apt similes

I probably need to read some other books to supplement my understanding on harder concepts.